The cryptocurrency market experienced a surge in the past few hours following US President Donald Trump’s announcement of a US-UK trade deal. On Friday, Bitcoin’s value climbed to $102,722, marking a 3.9 percent increase on international exchanges. This is the first time in over two months that Bitcoin has surpassed the $100,000 mark.
Ether saw a significant boost, rising by more than 16 percent in the last 24 hours across international exchanges. Currently, ETH is trading at $2,207, based on CoinMarketCap data, reflecting an 18 percent increase to reach $2,155.
Most altcoins saw gains on Friday, including Ripple, Solana, Dogecoin, Cardano, and Tron. Meanwhile, Shiba Inu, Polkadot, Litecoin, Monero, and Polygon also experienced price increases.
The overall cryptocurrency market valuation rose nearly five percent in the past 24 hours, bringing the total market cap to $3.22 trillion at the time of writing, according to CoinMarketCap.
Despite the widespread rally, some altcoins, such as Tether, Litecoin, Near Protocol, Cosmos, and EOS Coin, saw declines in value on Friday.
It’s important to note that cryptocurrency remains an unregulated digital asset, not recognized as legal tender, and is subject to market risks. The information provided should not be considered financial or trading advice. CryptoNow holds no responsibility for any investment decisions made based on the content of this article.
